LAHORE: Pakistan Railways Minister Khawaja Saad Rafique has felicitated the Pakistan Railways Information Technology Department for selling tickets worth Rs 100 million through E-ticketing in just two months. According to the PR sources on Thursday, the Railways sold 8,500 tickets through credit cards, UBL Omni…

The Federal Minister of Finance Ishaq Dar has said Wednesday that Pakistan is keen to increase bilateral trade with France. He was talking to media after attending the 75th anniversary celebrations of French agency for development hosted by French President Francoise Hollande in Paris. Ishaq…

Shanghai Electric Power Co Ltd said on Monday that it had received approval from the Competition Commission of Pakistan (CCP) to acquire K-Electric Limited. The Abraaj Group announced in October that one of its companies, KES Power, had reached an agreement to divest its stake…

ISLAMABAD: On the complaint of Taxi Driver Welfare Association (TDWA), the local authorities and Islamabad Transport Authority (ITA) searched the offices of four taxi companies in Islamabad on Thursday and closed them for providing illegal services. Careem was among these four companies. According to the…

Direct rail and sea freight service has been launched between Pakistan and China. The service links China’s Yunnan province with Pakistan’s largest city Karachi. On Wednesday a cargo train loaded with commodities left Kunming in China for Karachi, marking the opening of the new route.…

LAHORE: The State Bank of Pakistan (SBP) in an announcement has clarified that today (Wednesday) was the last day for the exchange of all old design banknotes of 10, 50, 100 and 1000 rupees denomination from the authorised banks of the country. The State Bank…

ISLAMABAD: The Oil and Gas Regulatory Authority (Ogra) Wednesday sent a summary to the government for an increase of up to Rs.5.42 in the prices of petroleum products – kerosene, high-speed diesel and high-octane blending component (HOBC) – from December 1. According to Business Recorder report, the…

Philip Morris International, the world's largest international tobacco company, could eventually stop selling cigarettes, its chief executive told the BBC on Wednesday, as it launched its alternative product IQOS in the UK market. The company's IQOS smokeless cigarette which is already on sale in over…

LAHORE: Textile associations on Monday announced that December 6 will be observed as black day against the gas price disparity that has been affecting the entire industrial chain in Punjab. The announcement came at a joint press conference of office-bearers representing Pakistan Textile Exporters Association…

KARACHI: The State Bank of Pakistan confirmed its monetary policy on Saturday maintaining the interest rate at 5.75 percent for the coming two months. Inflation rates have increased, the State Bank maintained, adding that inflation rate in October this year remained at 4.2 percent. Compared…

ISLAMABAD: In order to meet the demand of Umrah pilgrims, Pakistan International Airlines (PIA) would operate 11 extra Boeing 777 flights to Jeddah till Nov 30. These flights would be operated from Karachi, Lahore, Islamabad and Multan, Public Relations Department of PIA announced. These flights…

NEW YORK: American soft drink giant Pepsi is facing a hard time in stock market after its Chief Executive Officer (CEO)'s comment against the US president-elect Donald Trump and his supporters. CEO Indra Nooyi said Trump supporters should take business elsewhere, during the campaign for the…

ISLAMABAD: The Federal Board of Revenue (FBR) has extended the deadline for filing of tax returns to Nov 30 amid poor compliance from taxpayers. This is the fifth extension as the original deadline was set for Aug 31, which was later extended to Sept 30…

ISLAMABAD: The Minister for Finance Senator Mohammad Ishaq Dar has dispelled the rumors about the demonetization of Rs. 5000 currency notes and withdrawal of Rs.40,000 prize bonds. In a statement issued by the Ministry of Finance, the minister said that these rumors are totally baseless…

ISLAMABAD: Pakistani lawmakers, in particular Pakistan Peoples Party (PPP) Senator Osman Saifullah Khan suggested the government to withdraw Rs 5,000 and Rs 1,000 currency notes to reduce illicit money flows and encourage people to use banking services. “The house urges the government to take steps to…

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